Multiple Choice
The price-earnings ratio for firms in a given industry follows the normal distribution. In this industry, a firm whose price-earnings ratio has a standardized value of z = 1.00 is approximately in the highest ______ percent of firms in the industry.
A) 16 percent
B) 34 percent
C) 68 percent
D) 75 percent
Correct Answer:
Verified
Correct Answer:
Verified
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